Another 'boutique' airline goes under

Britain’s “boutique” air carrier Silverjet ceased operations in May, becoming the third such airline to collapse within the last six months. MAXjet launched service in November 2005 and by Christmas Eve 2007 had ceased operations. Competitor Eos, which began service just a month before MAXjet, lasted just four months longer, filing for bankruptcy in April. Silverjet had banked on a $5 million loan from Abu Dhabi-based investors which did not materialize. The loss of Silverjet leaves French operator L’Avion, with a Paris-New York service, the sole remaining stand-alone, all-business-class operator.